Stephens reissued their hold rating on shares of Hilltop (NYSE:HTH) in a research note issued to investors on Thursday, May 3rd. Stephens currently has a $25.00 target price on the financial services provider’s stock.
Several other brokerages also recently issued reports on HTH. Zacks Investment Research upgraded Hilltop from a sell rating to a hold rating and set a $30.00 price objective for the company in a research report on Wednesday, January 10th. Piper Jaffray reiterated a hold rating and issued a $30.00 price objective on shares of Hilltop in a research report on Sunday, January 28th. Finally, ValuEngine upgraded Hilltop from a hold rating to a buy rating in a research report on Monday, April 23rd. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $28.88.
HTH opened at $22.98 on Thursday. Hilltop has a 12-month low of $22.37 and a 12-month high of $22.45. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 13.82 and a beta of 1.13. The company has a current ratio of 0.99, a quick ratio of 0.86 and a debt-to-equity ratio of 0.03.
Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.07). Hilltop had a return on equity of 8.32% and a net margin of 7.67%. The firm had revenue of $338.56 million for the quarter, compared to analyst estimates of $364.50 million. During the same period in the previous year, the business posted $0.27 EPS. research analysts expect that Hilltop will post 1.85 EPS for the current fiscal year.
Hilltop announced that its Board of Directors has approved a share repurchase program on Thursday, January 25th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Tuesday, May 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, May 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.22%. Hilltop’s dividend payout ratio (DPR) is presently 16.87%.
In other Hilltop news, CEO Alan B. White sold 18,830 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $22.61, for a total value of $425,746.30. Following the completion of the transaction, the chief executive officer now directly owns 210,157 shares of the company’s stock, valued at $4,751,649.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Hill A. Feinberg sold 50,000 shares of the business’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $22.71, for a total value of $1,135,500.00. Following the completion of the transaction, the insider now directly owns 881,955 shares of the company’s stock, valued at $20,029,198.05. The disclosure for this sale can be found here. 22.60% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Verition Fund Management LLC acquired a new position in shares of Hilltop during the first quarter worth about $354,000. Guggenheim Capital LLC raised its holdings in Hilltop by 21.1% during the first quarter. Guggenheim Capital LLC now owns 51,995 shares of the financial services provider’s stock worth $1,221,000 after acquiring an additional 9,077 shares in the last quarter. ETF Managers Group LLC bought a new stake in Hilltop during the first quarter worth about $280,000. Barclays PLC raised its holdings in Hilltop by 62.4% during the first quarter. Barclays PLC now owns 26,833 shares of the financial services provider’s stock worth $628,000 after acquiring an additional 10,310 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. raised its holdings in Hilltop by 5.5% during the first quarter. Cornercap Investment Counsel Inc. now owns 61,435 shares of the financial services provider’s stock worth $1,441,000 after acquiring an additional 3,185 shares in the last quarter. 60.02% of the stock is owned by institutional investors.
Hilltop Holdings Inc provides banking and financial products and services. Its Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial, industrial, and single family residential mortgage loans.
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